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20130113
20130121
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of all, we've had some deficit reduction. the president laid out a couple days ago. we had over $2 # trillion. we had a trillion and a half that came from previous actions, and then we added just a few days ago some further deficit reduction through increased taxes on the very wealthy of this country. we already begun to undertake deficit reduction. to use that as a reason to use the debt ceiling as a weapon is really playing with fire. they say pay some bills and not pay others. we've never tried that before. >> host: is it feasible? >> guest: i don't think so. which bills? social security? veterans? people out fighting for this country? which bills do you pay? we never tried that. i think the president put it so well. this is not a debt beat nation, really, and i think common sense is likely to prevail within the republican ranks. i know, if i might say so, if not firsthand, second hand, that the leadership within the house republican caucus, not all of it, i think some of it realizes that the potential consequences. >> host: if president obama won, so to speak on the fiscal clif
debate. i'll be very concrete. other such on the whole reason we have large budget deficits is because the economy collapse. and in classic washington fashion, this is the case with the schoolhouse is on fire and rather than focusing on putting the fire out, everyone in washington runs out to use as much water. the budget deficit is the economy right now. that's the to 50 minute like that but that's the truth. i think it would be great if an organization with strength and integrity of a or b. would stand up and make the point because we're having an entire budget that is basically premised on something that is not true. >> i agree with you. we do have underlying pieces of our economy that need to get fixed. but massive change in spending and we've already cut a trillion dollars over all in spending. we've cut medicare as part of the political their act. we have to be really careful and just solving these problems by cutting spending. .. >> we do it in a way that supports families and the population that we have. >> let me just add to that. i agree with you, but unfortunately, most of t
Search Results 0 to 1 of about 2